Articles by Paul Mackintosh
Actis plans GVK power deal for India
Actis is planning to invest up to $215 million in GVK Power and Infrastructure Ltd., the coal, gas and hydropower arm of Indian conglomerate GVK, according to Indian reports.
ChrysCapital to give back $300m
Leading Indian private equity firm ChrysCapital Management is to return $300 million of the capital from its ChrysCapital Fund V - India's biggest dedicated fund to date at $1.25 billion - to its LPs, citing a poorer market climate and limited opportunities...
Vietnam Q&A: Chris Freund
Chris Freund, Managing Partner at Mekong Capital, talks about investing in, and fundraising for, Vietnam.
Khazanah, Fortis – and GIC? – square off for Parkway
Malaysian SWF Khazanah Nasional and India’s Fortis Healthcare, with the rumored backing of SWF Government of Singapore Investment Corporation (GIC), appear locked in a fast-developing takeover tussle over Parkway Holdings, the Singapore hospitals business...
Location, location, location
Hong Kong and Singapore residents have long been used to the competition between the two regional centers in terms of quality of life, friendliness to business, and just about every other metric going.
Sarona supports SEAF India fund, MicroVest
Sarona Asset Management Inc., a Canadian boutique investment firm, has committed capital to SEAF India Agribusiness International Fund, the agricultural fund of the Small Enterprise Assistance Funds group, and MicroVest II, a fund supporting microfinance...
J-Will pips Advantage, TPG for Anabuki
Japanese private equity player J-Will Partners, acting in consortium with major local apartment developer Daikyo Inc., has entered the winning bid for bankrupt developer Anabuki Construction, winning out over some 30 bidders including Advantage Partners...
Argonaut now in top BSE shareholders
Argonaut Ventures, an Oklahoma-headquartered private equity group, is now one of the top 20 shareholders in the Bombay Stock Exchange, which is still awaiting regulatory approval for a listing from India's SEBI, following its demutualization three years...
Private equity joins Ssangyong bid
Seoul Investment, a Korean private equity firm, has joined the bidding for local carmaker Ssangyong Motor Co., alongside Indian strategic bidders Mahindra & Mahindra Ltd., and Ruia Group, Renault SA, and Korean industry peers SM Group and Young An Hat...
KKR, others cited for Healthscope
Kohlberg Kravis Roberts & Co. and an unnamed strategic bidder have been cited as the latest contenders for Australia's Healthscope Ltd., entering bids of around A$1.84 billion ($1.56 billion), marginally above the A$1.8 billion ($1.5 billion) already...
Uni-President launches RMB fund
Uni-President Enterprises Corp., the Taiwanese foodstuffs conglomerate, is forming an RMB private equity fund to invest in China's foods and consumer space, seeking RMB1-3 billion ($146-440 million), according to PRC reports.
Advantage does China TV drama deal with Qin Jia Yuan
Advantage Partners has announced an investment of up to HK$121 million ($15.5 million) into Qin Jia Yuan Media Services Co.Ltd., a Hong Kong-listed company focused primarily on delivering TV dramas for the PRC market.
TIAA-CREF loses Schwartz, merges units
Teachers Insurance and Annuity Association - College Retirement Equities Fund (TIAA-CREF), the $363 billion US asset management group and institutional investor, is merging its alternative investments and global private markets groups after the departure...
NEA, GTI invest India's Nova Medical
New Enterprise Associates and NYC-headquartered private equity firm GTI Group have invested $16 million in Series A funding for Nova Medical Centres, an Indian specialist surgical services provider based in Bangalore.
Partners Group Dubai office targets MENA, India
Swiss alternative asset manager Partners Group has announced the opening of a new office in Dubai, seeking to tap both the MENA region and India.
Carlyle, Taiwan Mobile talk to extend stalled deal
The Carlyle Group and Taiwan Mobile are in discussion to extend the deadline on the planned $1 billion stake swap between Carlyle-owned Kbro Ltd. and Taiwan Mobile, which hit regulatory problems in April.
Khazanah seeks Parkway takeover
Malaysian SWF Khazanah Nasional is seeking to raise its stake in Parkway Holdings, the Singapore hospitals business recently exited by TPG Capital to India's Fortis Healthcare, from its present 23.5% to 51.5%, for some S$1.18 billion ($835 million).
KKR may invest India's Emcure
Kohlberg Kravis Roberts & Co. may be on the point of committing around $50 million into India's Emcure Pharmaceuticals, which until recently was also in discussions with the Blackstone Group, according to Indian sources.
Sequoia makes partial PathLabs exit
Sequoia Capital India is making a partial exit from its investment in Dr Lal PathLabs, a leading local diagnostics and pathology chain, selling around half of its 30% stake in the business, with a probable deal value of some $25.4 million.
Kleiner, Qiming invest China's Arrail Dental
Kleiner Perkins Caulfield & Byers China and Qiming Ventures have invested $20 million in Arrail Dental, a leading high-end PRC dental services provider, for an undisclosed stake.
S3 Investment launches Redwood Fund for China
OTC-quoted S3 Investment Company, a US investment banking and financial advisory firm seeking to tap the PRC market, has announced the launch of its Redwood Asia Fund, a growth capital private equity fund targeting opportunities in China and Mongolia....
Valco plans $1bn Indonesia port deal
Valco Capital Partners, the private equity arm of UK strategic advisory and turnaround group Hilco UK Ltd., is preparing to spend up to $1 billion on a 9.36% stake in PT Freeport Indonesia, the country's largest gold and copper mining company, according...
Qiming invests China insulin with Gan & Lee
Qiming Venture Partners has committed just over $14.5 million to Gan & Lee Pharmaceutical Co. Ltd., a PRC manufacturer of insulin that claims to have Asia's largest recombinant insulin manufacturing site.
Warburg Pincus's Gathani joins RBS
Viral Gathani, previously a principal with Warburg Pincus in Hong Kong, is joining RBS as Head of Energy and Resources, Asia.